WABCO Holdings buys out Meritor WABCO joint venture
WABCO Holdings announced it will further expand its operations in the commercial vehicle market in North America by taking full ownership of the Meritor WABCO joint venture.
WABCO has signed an agreement to purchase Meritor Inc.’s stake in the joint venture business. WABCO’s purchase price is $250 million. The transaction is expected to close on Oct. 1, 2017 and immediately prior to closing, Meritor will receive a final closing partnership distribution.
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Source:: http://fleetowner.com/economics/wabco-holdings-buys-out-meritor-wabco-joint-venture
